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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash as reported on the consolidated balance sheets to the total of such amounts as reported on the consolidated statements of cash flows (dollars in thousands):
September 30, 2021 (Unaudited)
December 31, 2020
Cash and cash equivalents$89,777 $65,995 
Restricted cash20,747 27,575 
Total cash, cash equivalents and restricted cash$110,524 $93,570 
Reconciliation of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash as reported on the consolidated balance sheets to the total of such amounts as reported on the consolidated statements of cash flows (dollars in thousands):
September 30, 2021 (Unaudited)
December 31, 2020
Cash and cash equivalents$89,777 $65,995 
Restricted cash20,747 27,575 
Total cash, cash equivalents and restricted cash$110,524 $93,570 
Schedule of Operating Real Estate Estimated Useful Life Operating real estate is depreciated using the straight-line method over the estimated useful life of the assets, summarized as follows:
Category:Term:
Building
30 to 50 years
Building improvementsLesser of the useful life or remaining life of the building
Land improvements
9 to 15 years
Tenant improvementsLesser of the useful life or remaining term of the lease
Furniture, fixtures and equipment
5 to 14 years
Schedule of Future Minimum Lease Payments for Capital Leases
The following table presents the future minimum lease payments under finance leases and the present value of the minimum lease payments, which are included in other liabilities on the Company’s consolidated balance sheets (dollars in thousands):
October 1 to December 31, 2021$168 
Years Ending December 31:
2022588 
2023167 
202471 
202529 
Thereafter50 
Total minimum lease payments$1,073 
Less: Amount representing interest$(75)
Present value of minimum lease payments$998 
Summary of Deferred Costs and Intangible Assets The following table presents deferred costs and intangible assets, net (dollars in thousands):
September 30, 2021 (Unaudited)
December 31, 2020
Goodwill and intangible assets, net:
In-place lease value, net$2,673 $4,635 
Goodwill(1)
— 21,387 
Certificate of need intangible assets(1)
— 380 
Subtotal intangible assets2,673 26,402 
Deferred costs, net
35 81 
Total$2,708 $26,483 
_______________________________________
(1)Represents amounts that have been classified as held for sale as of September 30, 2021.
Schedule of Deferred Costs and Intangible Assets, Future Amortization Expense
The following table presents future amortization of in-place lease value and deferred costs (dollars in thousands):
October 1 to December 31, 2021$101 
Years Ending December 31:
2022355 
2023337 
2024337 
2025337 
Thereafter1,241 
Total$2,708 
Schedule of Other Assets
The following table presents a summary of other assets (dollars in thousands):
September 30, 2021 (Unaudited)
December 31, 2020
Other assets:
Healthcare facility regulatory reserve deposit(1)
$6,000 $— 
Remainder interest in condominium units(2)
2,327 2,327 
Prepaid expenses5,033 3,798 
Lease / rent inducements, net2,978 2,246 
Utility deposits 406 447 
Other597 863 
Total$17,341 $9,681 
_______________________________________
(1)Represents the Company’s contribution to a required regulatory reserve that is held by a net lease operator.
(2)Represents future interests in property subject to life estates.